21,126 Shares in Grand Canyon Education, Inc. (NASDAQ:LOPE) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,126 shares of the company’s stock, valued at approximately $2,789,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Grand Canyon Education in the first quarter valued at $33,000. Cornerstone Planning Group LLC bought a new stake in Grand Canyon Education in the second quarter valued at $33,000. CWM LLC boosted its holdings in Grand Canyon Education by 98.4% in the third quarter. CWM LLC now owns 373 shares of the company’s stock valued at $44,000 after acquiring an additional 185 shares in the last quarter. Blue Trust Inc. boosted its holdings in Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company’s stock valued at $56,000 after acquiring an additional 232 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in Grand Canyon Education by 4,480.0% in the third quarter. Financial Management Professionals Inc. now owns 458 shares of the company’s stock valued at $54,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $160.00 price target on shares of Grand Canyon Education in a report on Thursday.

Grand Canyon Education Trading Up 0.2 %

Shares of LOPE stock opened at $131.08 on Friday. Grand Canyon Education, Inc. has a 12 month low of $99.65 and a 12 month high of $144.94. The stock has a market cap of $3.94 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. The company’s fifty day moving average price is $132.83 and its 200-day moving average price is $130.67.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The firm had revenue of $278.28 million for the quarter, compared to analysts’ expectations of $275.00 million. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.